Incentive Option Treatment. No Option will be eligible for treatment as an ISO in the event such Option is exercised more than three months following Termination of Service (except in the case of Termination of Service due to Disability). In order to obtain ISO treatment for Options exercised by heirs or devisees of the Participant, the Participant’s death must have occurred while the Participant was employed or within three months of Termination of Service.
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Samples: Stock Option Agreement (Standard Financial Corp.), Stock Option Agreement (Colonial Financial Services, Inc.), Stock Option Agreement (OBA Financial Services, Inc.)
Incentive Option Treatment. No Option will be eligible for treatment as an ISO in the event such Option is exercised more than three (3) months following Termination of Service by reason of Retirement or more than one (except in the case of 1) year following Termination of Service due to by reason of Disability). In order to obtain ISO treatment for Options exercised by heirs or devisees of the Participant, the Participant’s death must have occurred while the Participant was employed or within three (3) months of Termination of Service.
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Samples: Stock Option Agreement (National Commerce Corp), Stock Option Agreement (Wolverine Bancorp, Inc.), Stock Option Agreement (Oconee Federal Financial Corp.)
Incentive Option Treatment. No Option will be eligible for treatment as an ISO in the event such Option is exercised more than three months one year following Termination of Service (except in the case of Termination of Service due to Disability). In addition, in order to obtain ISO treatment for Options exercised by heirs or devisees of the Participant, the Participant’s death must have occurred while the Participant was employed or within three months of Termination of Service.
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